Trade-Ideas LLC identified Newmont Mining ( NEM) as a pre-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Newmont Mining as such a stock due to the following factors:

  • NEM has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $218.7 million.
  • NEM traded 20,982 shares today in the pre-market hours as of 8:21 AM.
  • NEM is up 2.1% today from yesterday's close.

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More details on NEM:

Newmont Mining Corporation operates in the mining industry. It primarily acquires, develops, explores for, and produces gold, copper, and silver deposits. The company's operations and/or assets are located in the United States, Australia, Peru, Indonesia, Ghana, and New Zealand. The stock currently has a dividend yield of 0.5%. NEM has a PE ratio of 16. Currently there are 6 analysts that rate Newmont Mining a buy, no analysts rate it a sell, and 7 rate it a hold.

The average volume for Newmont Mining has been 7.6 million shares per day over the past 30 days. Newmont has a market cap of $10.9 billion and is part of the basic materials sector and metals & mining industry. The stock has a beta of 0.29 and a short float of 2.3% with 1.21 days to cover. Shares are up 11.6% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Newmont Mining as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and expanding profit margins. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year.

Highlights from the ratings report include:
  • The revenue growth greatly exceeded the industry average of 46.8%. Since the same quarter one year prior, revenues rose by 16.4%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • 42.40% is the gross profit margin for NEWMONT MINING CORP which we consider to be strong. It has increased significantly from the same period last year.
  • Despite currently having a low debt-to-equity ratio of 0.55, it is higher than that of the industry average, inferring that management of debt levels may need to be evaluated further. Despite the fact that NEM's debt-to-equity ratio is mixed in its results, the company's quick ratio of 1.98 is high and demonstrates strong liquidity.
  • NEWMONT MINING CORP's earnings per share declined by 9.5% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, NEWMONT MINING CORP turned its bottom line around by earning $1.10 versus -$5.21 in the prior year. This year, the market expects earnings to be in line with last year ($1.10 versus $1.10).
  • Reflecting the weaknesses we have cited, including the decline in the company's earnings per share, NEM has underperformed the S&P 500 Index, declining 19.50% from its price level of one year ago. The fact that the stock is now selling for less than others in its industry in relation to its current earnings is not reason enough to justify a buy rating at this time.

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